Embrace Change Acquisition Corp.
EMCGU
NASDAQ Global Market12.80
USD
- -
- -
CIK
0001869601
ISIN
KYG3034H1332
Return %
Stock
S&P500
1Y
9.40
18.44
3Y
24.39
63.65
5Y
27.62
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Jingyu Wang
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 5186 Carroll Canyon Road San Diego CA United States of America 92121
- IPO Date
- Aug 10, 2022
- CIK
- 0001869601
- Website
- embracechange.top
- Similar Companies
- Business
- Embrace Change Acquisition Corp. Embrace Change Acquisition Corp. (Nasdaq: EMCGU) operates as a blank check company, or special purpose acquisition company (SPAC), whose primary purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities; it currently conducts no significant operations and generates no revenues. The company targets opportunities across industries without geographic limitation, excluding entities based in or primarily operating in the People's Republic of China (including Hong Kong and Macau), with a historical focus on technology, internet, and consumer sectors such as enterprise services, artificial intelligence, culture and media, biotechnology, new consumer brands, and blockchain. Founded in 2021 and headquartered at 5186 Carroll Canyon Road in San Diego, California, it is led by Chairman and CEO Jingyu Wang and CFO Zheng Yuan, with sponsorship from Embrace Change Acquisition Sponsor LLC. In recent developments, the company announced a definitive merger agreement with Tianji Tire Global (Cayman) Ltd, a leading tire manufacturer, on January 27, 2025, valued at approximately $450 million; this transaction, if completed, would mark its initial business combination and shift operations toward tire production and distribution primarily in mainland China. Shareholders approved an Extension Amendment Proposal and related trust agreement changes at an Extraordinary General Meeting on August 11, 2025, extending the Combination Period beyond the prior termination date of August 9, 2025, amid delays in finalizing the merger; subsequently, on August 14, 2025, Nasdaq issued a delisting notice following the missed initial business combination deadline. The company completed its initial public offering in 2022, raising approximately $65-74 million through 6.5 million units at $10 each, underwritten by firms including D. Boral Capital, US Tiger Securities, Tiger Brokers, and Joseph Gunnar.
Embrace Change Acquisition Corp. Receives Additional Staff Determination Notice from Nasdaq Related to Delayed Quarterly Report
Embrace Change Acquisition Corp. Receives Nasdaq Notice Regarding Late Form 10-Q Filing